Your food is in the air! In the not so distant future, this could be Swiggy’s notification to customers. In May, the ministry of civil aviation cleared 20 entities to conduct experimental beyond-visual-line-of-sight (BVLOS) drone flights. The online delivery platform is part of a consortium, led by ANRA Technologies, which is among the 20. “We are excited about the potential of drones and look forward to BVLOS trials for food delivery,” said Shilpa Gnaneshwar, principal program manager at Swiggy.
Entire businesses have emerged solely for processing drone footage and turning it into actionable insights.
Drone Rules 2021 has been welcomed by the industry. There have been relaxations which would speed up the adoption of drones.
Commercial drones, initially perceived as little more than toys, are now being used by businesses in an attempt to increase efficiency and decrease costs. According to a report by the Federation of Indian Chambers of Commerce and Industry and EY, the unmanned aerial vehicle (UAV) market in India is expected to touch $885.7 million in 2021, with the global market approaching $21.47 billion. A report by PwC India said that the drone segment was expected to grow at a compound annual growth rate of 18 per cent between 2017 and 2023.
However, experts point out that India is at least 10 to 15 years behind the US and China in drone utilization. China is the world leader in drone hardware, while the US has shown the most innovation in creating new applications. According to a report by Statista Research Department, from the 2017 fiscal year to the 2021 fiscal year, the US spent about $17.5 billion on drones. This was the highest expenditure on drones by a country and was followed by China ($4.5 billion) and Russia ($3.9 billion). During the same time period, India is estimated to have spent $2.5 billion on drones.
Continue reading: https://www.theweek.in/theweek/current/2021/09/23/civilian-drones-new-laws-could-drive-rapid-growth-in-domestic-market.html
Entire businesses have emerged solely for processing drone footage and turning it into actionable insights.
Drone Rules 2021 has been welcomed by the industry. There have been relaxations which would speed up the adoption of drones.
Commercial drones, initially perceived as little more than toys, are now being used by businesses in an attempt to increase efficiency and decrease costs. According to a report by the Federation of Indian Chambers of Commerce and Industry and EY, the unmanned aerial vehicle (UAV) market in India is expected to touch $885.7 million in 2021, with the global market approaching $21.47 billion. A report by PwC India said that the drone segment was expected to grow at a compound annual growth rate of 18 per cent between 2017 and 2023.
However, experts point out that India is at least 10 to 15 years behind the US and China in drone utilization. China is the world leader in drone hardware, while the US has shown the most innovation in creating new applications. According to a report by Statista Research Department, from the 2017 fiscal year to the 2021 fiscal year, the US spent about $17.5 billion on drones. This was the highest expenditure on drones by a country and was followed by China ($4.5 billion) and Russia ($3.9 billion). During the same time period, India is estimated to have spent $2.5 billion on drones.
Continue reading: https://www.theweek.in/theweek/current/2021/09/23/civilian-drones-new-laws-could-drive-rapid-growth-in-domestic-market.html
